https://www.taxtmi.com/notifications?id=145469 Customs law was amended to revise refund, warehousing, and interest provisions under the Customs Act, 1962. The amendments substituted references to "duty" with "duty and interest, if any, paid on such duty" in the refund provisions, prescribed interest where import duty is not paid within seven days after the bill of entry is returned, shortened specified time limits for warehousing and disposal of goods, and omitted the words "without payment of duty" from certain warehousing-related sections. The amended scheme introduced a revised bond requirement for warehoused goods and inserted a new section 59A requiring payment of fifty per cent of the assessed duty and execution of a bond for the balance, together with interest and related obligations. en-us Sat, 21 Dec 1991 00:00:00 +0530 Fri, 29 May 2026 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145469 Customs law was amended to revise refund, warehousing, and interest provisions under the Customs Act, 1962. The amendments substituted references to "duty" with "duty and interest, if any, paid on such duty" in the refund provisions, prescribed interest where import duty is not paid within seven days after the bill of entry is returned, shortened specified time limits for warehousing and disposal of goods, and omitted the words "without payment of duty" from certain warehousing-related sections. The amended scheme introduced a revised bond requirement for warehoused goods and inserted a new section 59A requiring payment of fifty per cent of the assessed duty and execution of a bond for the balance, together with interest and related obligations. Notifications Customs Sat, 21 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145469